Brazilian pulp and paper company Suzano (NYSE:SUZ) on Friday signed a definitive agreement to acquire Pactiv Evergreen’s (NASDAQ:PTVE) Pine Bluff, Arkansas, paper mill and Waynesville, North Carolina, extrusion facility for $110 million. “The sale of Pine Bluff and Waynesville concludes the strategic alternatives review process,” said Michael King, president andContinue Reading
teddyleung/iStock Editorial via Getty Images Volkswagen (VWAGY, VWAPY) shares closed 1.4% lower Tuesday as selling pressure was triggered after the company said its Brussels facility which manufactures the Audi Q8 e-tron EV model could be shuttered due to lackluster demand for the vehicle. The expenses incurred to close the facility,Continue Reading
Moussa81/iStock via Getty Images Skeena Resources (NYSE:SKE) +8.2% to a 52-week high in Friday’s trading after saying the British Columbia Court of Appeal overturned rulings by the Chief Gold Commissioner and Supreme Court of British Columbia regarding ownership of waste rock and tailings from the Eskay Creek mine stored inContinue Reading
BTC Digital (NASDAQ:BTCT) announced the signing of a significant acquisition agreement, marking the successful purchase of an Arkansas-registered company. This acquisition includes a Bitcoin mining facility in Arkansas equipped with a 6MV long-term stable power load, with the total consideration for the purchase amounting to $1.99 million. With the completionContinue Reading
Pixelbizz/iStock Editorial via Getty Images The Netherlands’ Council of State ruled that ASML (NASDAQ:ASML) can continue expansion at its headquarters in Veldhoven, rejecting objections from two neighbors, Reuters reported. The country’s highest administrative court noted that complaints that the new facilities would lead to issues of traffic and noise wereContinue Reading
CytoSorbents (NASDAQ:CTSO) said it has entered into a new $20 million credit facility with Avenue Capital. The proceeds are expected to provide non-dilutive working capital to support the company’s ongoing global CytoSorb franchise in critical care and cardiac surgery. The agreement has an initial term of three years, provides up toContinue Reading
AutoCanada (TSX:ACQ:CA) has amended the syndicated credit facility to increase the Company’s maximum permitted Total Net Funded Debt to EBITDA ratio from 4.00:1.00 to 4.50:1.00 for the period from June 28, 2024 to September 29, 2024. After September 29, 2024, the Company’s maximum permitted Total Net Funded Debt to EBITDAContinue Reading
AnthonyRosenberg/iStock Unreleased via Getty Images Guess? Inc (NYSE:GES) Monday reported the expansion of the borrowing capacity under its existing European revolving credit facility from €250 million to €350 million. The facility, maintained through the company’s wholly owned Swiss subsidiary, Guess Europe Sagl, has a remaining term of roughly three years.Continue Reading
Main Street Capital (NYSE:MAIN) Friday announced the amendment of its revolving credit facility. The amendment provides an increase in total commitments to $1.110 billion and an increase to the diversified group of lenders to 19, while maintaining an expanded accordion feature that allows for an increase up to $1.665 billionContinue Reading
Johnce/E+ via Getty Images Fluor Corp (NYSE:FLR) has been awarded an engineering, procurement and construction management services contract for phase one of Northvolt’s large-scale lithium-ion battery factory in Heide, Germany, it said Thursday. Fluor (FLR) will recognize its undisclosed portion of the total $4.8 billion (€4.5 billion) project in theContinue Reading
